The State government has set an ambitious target of touching investments to the tune of $3 billion in the electronics sector by 2020. One of the other goals which was part of the ‘Electronic Policy 2016’ that was unveiled on Monday by the TRS government included creating employment opportunities for 1,60,000 people in the next four years in Telangana. The government also wants to enhance production from the existing $1 billion to $7.5 billion.
The focus areas for the development of the electronic sector would be nurturing dedicated EMCs, encouraging electronic companies, promoting R&D and improving the ease of doing business.
The government will also provide assistance in filing patents for companies headquartered in Hyderabad and reimburse 50 % of the cost with a limit of Rs 2 lakh. Women entrepreneurs will also get 10 % investment subsidy to a maximum of Rs 10 lakh for MSEs. Hyderabad currently has 250 companies in the electronics sector providing jobs to 50,000 professionals.
